A Congressional Budget Office infographic shows that the federal budget deficit in fiscal year 2022 reached $1.4 trillion, which is equivalent to 5.5 percent of gross domestic product. CBO said in another
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The Office of Management and Budget has detailed President Joe Biden’s plans for the 2024 national budget, including $842 billion for the implementation of the National Defense Strategy. The Biden administration also
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The Congressional Budget Office found that the U.S. budgetary deficit will be reduced by up to $865.4 billion by 2032 if the government imposes taxes on greenhouse gas emissions starting this year.
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The Congressional Budget Office adjusted its economic growth outlook for 2023 on account of inflation, higher interest rates and an uptick in unemployment that occurred in the second half of 2022. In
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The Office of Management and Budget has released an initial risk assessment highlighting the impacts of climate change on the federal budget and U.S. economic development. Candace Vahlsing, associate director for climate,
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The Biden Administration submitted to Congress on Friday its priorities for the fiscal year 2022 discretionary spending. Those priorities included in the submission to Congress was the funding request for the U.S.
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President Biden is expected to submit to Congress the administration's discretionary spending top line requests for the fiscal year 2022 on Friday, signaling the start of the annual budget and appropriations process.
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Andre Mendes, chief information officer of the Department of Commerce, said he would like federal agencies to exercise greater accountability when it comes to their information technology budgets, FedScoop reported Thursday.
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NASA has announced that the Johnson Space Center will host media and social media for "State of NASA" events on Monday, Feb. 10, the administration reported on Thursday. Johnson director, Mark Geyer,
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Todd Harrison, director of the Center for Strategic and International Studies’ defense budget analysis and aerospace security project, has said that it’s time to update the federal government's budgeting process, Defense One
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